Great Rock Capital Closes $75 Million Credit Facility for Pacific Ag
In a strategic move to bolster its operations, Great Rock Capital, a commercial finance company focused on asset management and middle market lending, has successfully finalized a $75 million senior secured credit facility for Pacific Ag. This transformative deal is particularly noteworthy as Pacific Ag stands as North America's foremost company specializing in the harvesting and distribution of crop residue. For nearly three decades, Pacific Ag has established itself as a reliable partner within the agricultural industry, recognized for its unwavering commitment to quality and consistency in supplying crop residue forage products and services.
The fresh capital secured by Pacific Ag serves multiple purposes. It not only refinances the existing senior debt but also strategically supports an imminent acquisition and enhances liquidity for the company. In essence, this bespoke debt facility comprises a revolving credit line, a term loan, and a delayed draw term loan, offering Pacific Ag a variety of financial tools to navigate its growth trajectory effectively.
Bill Levy, the Founder and CEO of Pacific Ag, expressed his enthusiasm about this development, stating, "Pacific Ag has pioneered the large-scale harvesting and supply of crop residue across North America, generating additional income streams for growers while providing innovative feedstock solutions for various end-use markets. With the backing of Great Rock Capital's credit facility, we are streamlining our operational support, expanding our footprint, and diversifying our service offerings. We are now strategically positioned to seize growth opportunities that lie ahead."
The positive sentiment resonates within Great Rock Capital’s leadership as well. Stuart Armstrong, CEO of Great Rock Capital, remarked, "We are pleased to extend our financial support to such a reputable company like Pacific Ag, enabling them to continue executing on their strategic initiatives. We look forward to collaborating with this best-in-class management team as they expand their market footprint and enhance their feedstock solutions for their customer base."
About Great Rock Capital
Great Rock Capital is an asset-focused commercial finance firm that is dedicated to catering to the financial needs of middle market companies spread across the United States and Canada. By providing fast and flexible financing solutions, the company aims to maximize liquidity while simultaneously offering growth capital. Their offerings include senior secured credit facilities ranging from $15 million to over $150 million, encompassing working capital, term-heavy, and term-only loan structures, which are often not available through conventional commercial lenders. The firm is backed by significant capital commitments from its partners, as well as a large institutional investor, ensuring its capability to provide innovative financial solutions. For further information, visit
Great Rock Capital.
About Pacific Ag
Pacific Ag holds the title of North America's largest harvester and marketer of crop residue. The company runs the biggest harvesting fleet in the world, collaborating with thousands of growers and operating in 27 U.S. states and two Canadian provinces. Over the past 27 years, Pacific Ag has been at the forefront of pioneering sustainable agricultural solutions while strengthening local economies. Their commitment to creating value through agriculture is evident in their innovative approaches and reliable services. Learn more at
Pacific Ag.